26th June 2025, Kathmandu
Himalayan Life Insurance Limited conducted its 18th Annual General Meeting (AGM) on Tuesday. The meeting took place under the leadership of Chairman Sulav Agrawal. Shareholders gathered to review the company’s financial performance and strategic decisions for the fiscal year 2080/81.
Himalayan Life Concludes 18th AGM
One of the major highlights of the AGM was the approval of an 8% cash dividend. The dividend will be distributed based on the company’s paid-up capital of NPR 9.14 billion. As a result, shareholders will receive a total of NPR 73.14 crore, including applicable taxes. The dividend will come from the company’s distributable accumulated profits.
Chief Executive Officer Manoj Kumar Lal Karna addressed shareholder concerns during the session. He responded to various queries about the company’s growth, policies, and future direction.
In addition to the dividend announcement, the AGM also reviewed several key documents. These included the Board of Directors’ annual report, the audited financial statements, and other financial disclosures. The audit was conducted according to the Nepal Financial Reporting Standards (NFRS). These documents covered the balance sheet, profit and loss account, cash flow statement, and supporting schedules.
The AGM also approved the financial report of the company’s subsidiary, Himalayan Investment Banker Limited. This reflected the company’s consolidated approach to transparency and financial governance.
Moving forward, the shareholders appointed S.C. Lal Associates, Chartered Accountants, as the external auditor for the fiscal year 2081/82. The firm will oversee the company’s auditing process and ensure compliance with financial regulations.
Furthermore, the meeting granted the Board of Directors the authority to make necessary amendments if instructed by regulatory agencies. This flexibility allows the company to remain compliant with government directives and ensures swift decision-making when required.
Another important resolution approved was the validation of expenses incurred during the fiscal year 2080/81. This action was taken by Section 105 (1)(Ga) of the Companies Act, further reinforcing corporate accountability.
Throughout the meeting, shareholders expressed confidence in the company’s leadership and overall direction. Himalayan Life Insurance has maintained consistent performance despite challenges in the insurance and financial sectors. By offering a cash dividend, the company signaled financial stability and its commitment to rewarding investors.
Moreover, the AGM reinforced the importance of governance, transparency, and responsible financial management. The approval of audited reports and the appointment of an independent auditor ensured that industry standards were upheld.
The company continues to focus on strengthening its operations, increasing market penetration, and delivering better value to policyholders. In recent years, Himalayan Life Insurance has expanded its product offerings and digital services to meet the evolving needs of its customers.
Going ahead, the management team plans to implement innovative strategies to improve customer experience and drive sustainable growth. With a growing insurance market in Nepal, Himalayan Life aims to maintain its position as a trusted and progressive insurer.
To conclude, the 18th AGM marked another step in the company’s journey toward excellence. With clear decisions, shareholder engagement, and a solid dividend policy, Himalayan Life Insurance continues to demonstrate responsible leadership in Nepal’s insurance industry.
The AGM showcased a forward-looking approach while also addressing immediate financial matters. It balanced short-term performance with long-term goals, aligning the interests of shareholders, policyholders, and regulators alike.
As the fiscal year 2081/82 begins, Himalayan Life Insurance remains committed to transparency, innovation, and growth. The company looks forward to building further trust among stakeholders and contributing to the development of Nepal’s financial ecosystem.
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